- AngloGold Ashanti (NYSE:AU) +4.8% premarket after reporting Q1 earnings of $0.29/share.
- Reports Q1 production rose 17% Y/Y to 1.06M oz. at a total cash cost of $770/oz., AU's strongest Q1 performance in four years, vs. guidance of 950K-1M oz. at a total cash cost of $800-$850/oz.
- All-in sustaining cost, which includes sustaining capex and corporate and exploration costs, fell 22% Y/Y to $993/oz.
- AU says higher production and lower costs were aided by continued ramp-up of the two new, low-cost Kibali and Tropicana mines, together with ongoing efficiency improvements across the company.